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Mega Capital Funding Inc. is joining a host of companies that have rejoined the Non-QM lending business. The return will feature the company's line of Mega Elites Non-QM and DSCR products, according to a press release.
The new product lineup features alternative income documentation products including three and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, according to a press release. The lineup also includes Debt Service Coverage Ratio with 1:1 and no ratio options for investment properties.
This offering will be lead by a team comprised of industry and Non-QM veterans, Brian Na, Rikki Danganan, and Will Fisher.
"With our initial proprietary product offering we’ve set out to focus on a specific segment of Non-QM, that will allow our brokers to provide enhanced solutions and our capital partners to achieve their yield goals," said Brian Na, CEO of Mega Capital Funding.